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Vietnam's government is racing to establish clear digital asset regulation, targeting full legal framework adoption by March–May 2025. Prime Minister Phạm Minh Chinh has instructed the Ministry of Finance and State Bank to draft laws governing cryptocurrencies—including legal definitions, AML/KYC standards, and investor protections—with an expected deadline between March 13 and the end of May. A pilot resolution for regulated crypto exchanges, allowing licensed trading platforms to operate, is in motion, while a nationwide “crypto sandbox” will help test these rules within financial hubs in HCM City and Da Nang. The National Blockchain Strategy 2024–2030 underpins this momentum, endorsing blockchain innovation, licensing of service providers, and cross-sector integration . These initiatives aim to formalize Vietnam's active crypto sector—home to ~17 million investors and over US $100 billion in flows—promote transparency, harness tax revenue, and transition from legal ambiguity into regulated growth.

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